Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El...

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Advance Auto 1205 N. Fairfield Road Beavercreek, OH Tenant: Advance Store Company Incorporated. S&P Rating BBB-, 5,372 Locations & $9.69 Billion Sales Volume Traffic Counts Over 24,800 VPD on N. Fairfield Road 15-Year Lease with Minimal Landlord Responsibilities Oversized Parcel 1.8 Acres Located Next to Wal-Mart Supercenter, Lowes, Target, HomeGoods, Kohl's, Bed Bath & Beyond, LA Fitness Sams Club, PetSmart and more Located within Minutes from Wright-Patterson Air Force Base with 26,000+ Employees New, All Brick Construction Located Close Proximity to Wright State University with 17,779 Students Advance Auto 1205 N. Fairfield Road Beavercreek, OH List Price: $2,250,000 CAP: 5.62% Base Rent: $126,476 Increases: Yes in Options Building sf: 6,895 sf Lease Type: Modified NNN Structure: Landlord Parcel Size: 1.8 Acres (78,408sf) Lease Term: 14 Years Remaining Year Built: 2016 Options: Three (5) Year, with Increases Traffic Counts 24,800 VPD N. Fairfield Road & HWY 35 42,000 VPD Adam Farmer 951 764-3744 Email: [email protected] These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations.

Transcript of Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El...

Page 1: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

Executive Summary

12243 Pellicano Drive

El Paso TX 79936

List Price: $1,641,043

CAP: 5.75%

Base Rent: $94,630

Increases: 10% every five years

Building S.F. 7,000

Lease Type: Double Net (NN)

Roof & Structure: Landlord

Advance Auto

1205 N. Fairfield Road

Beavercreek, OH

Tenant: Advance Store

Company Incorporated. S&P

Rating BBB-, 5,372

Locations & $9.69 Billion

Sales Volume

Traffic Counts Over 24,800

VPD on N. Fairfield Road

15-Year Lease with Minimal

Landlord Responsibilities

Oversized Parcel 1.8 Acres

Located Next to Wal-Mart

Supercenter, Lowes, Target,

HomeGoods, Kohl's, Bed

Bath & Beyond, LA Fitness

Sam’s Club, PetSmart and

more

Located within Minutes from

Wright-Patterson Air Force

Base with 26,000+

Employees

New, All Brick Construction

Located Close Proximity to

Wright State University with

17,779 Students

Advance Auto

1205 N. Fairfield Road

Beavercreek, OH

List Price: $2,250,000

CAP: 5.62%

Base Rent: $126,476

Increases: Yes in Options

Building sf: 6,895 sf

Lease Type: Modified NNN

Structure: Landlord

Parcel Size: 1.8 Acres (78,408sf)

Lease Term: 14 Years Remaining

Year Built: 2016

Options: Three (5) Year,

with Increases

Traffic Counts 24,800 VPD

N. Fairfield Road &

HWY 35 42,000 VPD

Adam Farmer

951 764-3744

Email: [email protected]

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations.

Page 2: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

Disclaimer

This Confidential Offering Memorandum (the “Memorandum”) has been prepared and presented to the recipient (the “Recipient”) by Belco Development & Investments, Inc. as part of Belco’s efforts to market property for sale and the material contained in it to the Recipient solely to assist the Recipient in determining whether the Recipient is interested in potentially purchasing all or part of the Property. Belco Development & Investments, Inc. also is providing this Memorandum and the material in it to the Recipient with the understanding that the Recipient will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that the Recipient will rely only on its own investigation, and not on Belco, the Owner or this Memorandum, in determining whether to purchase the Property.

Please Note the Following: Belco Development & Investments, Inc., the Owner and their respective agents, employees, representatives, property managers, officers, directors, shareholders, members, managers, partners or controlling entities, subsidiaries, affiliates, assigns and predecessors and successors-in-interest make no representations or warranties about the accuracy, correctness or completeness of the information contained in this Memorandum. The Recipient is urged not to rely on the information contained in this Memorandum and to make an independent investigation of all matters relating to the property. This Memorandum includes statements and estimates provided by or to Belco and/or the Owner regarding the Property. Those statements and estimates may or may not be accurate, correct or complete. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements and estimates. Further, nothing contained in this Memorandum should be construed as representation or warranty about any aspect of the Property, including, without limitation, the Property’s (1) past, current or future performance, income, uses or occupancy, (2) past, current or prospective tenants, (3) physical condition, (4) compliance or non-compliance with any permit, license, law, regulation, rule, guideline or ordinance, or (5) appropriateness for any particular purpose, investment, use or occupancy. Again, the Recipient is urged not to rely on this Memorandum and the statements and estimates in it and to make an independent investigation regarding the Property and the statements and estimates contained herein. This Memorandum may include statements regarding, references to, or summaries of, the nature, scope or content of contracts and/or other documents relating to the Property. Those statements, references or summaries may or may not be accurate, correct or complete. Additionally, Colliers may not have referenced or included summaries of each and every contract and/or other document that the Recipient might determine is relevant to its evaluation of the Property. Nothing contained in this Memorandum should be construed as a representation or warranty about the accuracy, correctness or completeness of such statements, representations or summaries. On request and as available, and subject to the Owner’s consent, Belco will provide the Recipient with copies of all referenced contracts and other documents.

Belco Development & Investments, Inc. assumes no obligation to supplement or modify the information contained in this Memorandum to reflect events or conditions occurring on or after the date of its preparation of this Memorandum. More detailed information regarding the anticipated terms, condi-tions and timing of any offering by the Owner relating to the Property will be provided in due course by separate communication. Belco and/or the Owner reserve the right to engage at any time in discussions or negotiations with one or more recipients of this Memorandum and/or other prospective purchasers of the Property without notice or other.

Page 3: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

Advance Auto

Population

1 Mile 3 Mile 5 Mile

4,096 45,923 135,935

Income

1 Mile 3 Mile 5 Mile

$93,663 $97,547 $69,744

Household Growth 2000-2015

1 Mile 3 Mile 5 Mile

75.15% 17% 9%

Population Growth 2000-2016

1 Mile 3 Mile 5 Mile

65.14% 14.49% 6.25%

Traffic Counts

N. Fairfield Road 24,800

Highway 35 42,000

Interstate 675 70,800

Lease Commencement Date: EST. August 2016

Lease Expiration Date: July 31, 2031

Current Rent: $126,476

Options: 3 (5) year with Increases

Advance Stores Company, Inc., the major subsidiary of Advance Auto Parts, Inc. (NYSE: “AAP”), wholesales and retails automotive parts and maintenance items. In the retail segment, its stores offer a selection of brand name and proprietary automotive products for domestic and imported cars, and light trucks. These stores carry between 16,000 and 21,000 stock keeping units. Advance Auto Parts, Inc. is the largest North American retailer of automotive after-market parts, accessories, batteries and maintenance items primarily operating within the United States. Headquartered in Roanoke, VA, Advance Auto Parts, Inc. serves both the do-it-yourself and professional installer markets. As of January 3, 2015, it operated 5,261 total stores and 111 distribution branches primarily under the Advance Auto Parts, Autopart International, Car- quest, and Worldpac trade names, as well as served approximately 1,325 independently-owned Car-quest stores in the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.

Ownership: Public

Tenant: Advance Stores Company, Incorporated

Sales Volume: $9.69 Billion

Stock Symbol: Standard & Poor’s BBB-

Credit Rating: NYSE:AAP

Number of Locations: 5,372+

Headquartered: Roanoke, VA Website: www.advanceautoparts.com

Options / Increases

Monthly Rent

First Option $11,067

Second Option $11,620

Third Option $12,201

Page 4: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

Advance Auto

Site

Subject offering consist of a newly built all brick freestanding 6,895 square foot Advance Auto located on N. Fairfield Road, major thoroughfare running North & South connecting Interstate 675 and Hwy 35. Advance Auto was built in 2016 with 15 year primary term expiring July 31, 2031, with three (5) year options. Landlord is responsible for structure only. Advance is located across from new Kroger Marketplace anchored shopping center. Site is within minutes from Wright-Patterson Air Force Base with over 26,000+ Employees and within close proximity to Wright State University with over 17,779 Students. Other retailers nearby include Walmart Supercenter, Sam’s Club, LA Fitness, PetSmart, Toys"R"us, Home Goods, Target, Kohl's, Lowe’s, Bed Bath & Beyond, 3 miles North of site is The Mall at Fairfield Commons / 5+ million shoppers annually, over 1.1 Million SF retail.

Tenant Reimburse Landlord for property tax

Landlord at its sole cost shall maintain commercial general liability insurance

Beavercreek

Beavercreek is the largest city in Greene County, Ohio, and is the second largest suburb of Dayton behind Kettering. It is part of the Dayton Metropolitan Statistical Ar-ea. The city boasts two golf courses, Beavercreek Golf Club (Public) and The Country Club of the North (Private). Many Beavercreek residents work on the nearby Wright-Patterson Air Force Base. The Mall at Fairfield Commons and The Greene Town Cen-ter are two malls in the city. In terms of number of residents in an incorporated area, Beavercreek is third in the region behind Dayton and Kettering. In 2007, Beavercreek ranked 84th in Money’s Top 100 places to live.

Page 5: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

MAPS

Page 6: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

Photos

Page 7: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

SITE PLAN

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco

Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections,

assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial,

legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations

Page 8: Advance Auto 1205 N. Fairfield Road Beavercreek, OH · Executive Summary 12243 Pellicano Drive El Paso TX 79936 more List Price: $1,641,043 Base with 26,000+ AP: List Price: 5.75%

.

Ariel Photo

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty or representation is made by Belco

Development & Investments, Inc. or its personnel, and all interested parties must independently verify its accuracy and completeness. As well, any projections,

assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial,

legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations